World Alkylamines Market to Exceed 1.0 Million Tons by 2012, According to New Report by Global Industry Analysts

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Driven by continuous research and development, and the resulting new discoveries in innovative application possibilities, world market for alkylamines is projected to exceed the 1.0 million tons mark by the year 2012. Developing markets of Asia-Pacific, and Latin America are expected to drive future growth with projected CAGRs in excess of 4% over the period 2011 through 2015.

Alkylamines: A Global Strategic Business Report

Alkylamines are primarily used as intermediates in the production of pesticides, solvents, surfactants, and rubber processing chemicals. Alkylamines is the major feedstock for the production of alkyl alkanolamines. They are also used in pharmaceuticals, explosives, agricultural and chemical markets, and water-treatment areas. Presently driving interest in this market is the promising prospects of application expansions. For instance, the potential of methylamine in replacing mafenide in antidiabetic drugs could spell out attractive market opportunities in the pharmaceutical drugs industry. As stated by the recent report published by Global Industry Analysts, Inc., world alkylamines market is dominated by the United States, and Europe, with a combined share of 70.3% estimated in the year 2008.

The U.S. market for amines is witnessing a steady rise in demand, mainly fueled by new end-use applications such as wood preservatives, personal care products, detergents and glyphosate herbicides. Driven by growing demand for monoethanolamines in wood preservation and triethanolamine in fabric softeners, methylamines market in the US will register one of the fastest growths in coming years, to reach 280 thousand tons by 2012. The segment is expected to greatly benefit from the ceased usage of chromated copper arsenate in the wood preservation sector. Dimethylamines, a product sub-group within the methylamines market, accounts for larger chunk of volume sales. Germany ranks as the largest individual market for alkylamines in Europe, with a 23.7% share estimated in 2008. Germany is followed by France, the United Kingdom and Italy. World ethylamines market, comprising of monoethylamines, diethylamines, and triethylamines, is expected to rise by 27 thousand tons over the period 2008 to 2012.

Leading global and regional players operating in the industry include Akzo Nobel Functional Chemicals AB, Alkyl Amines Chemicals Ltd, Arkema Group, Ashland Inc, BASF SE, BorsodChem MCHZ s.r.o., Daicel Chemical Industries Ltd, E. I. Du Pont De Nemours and Company, Dow Amines, Huntsman International LLC, Koei Chemical Company Limited, Lee Chang Yung Chemical Industrial Corp, Mitsubishi Gas Chemical Company Inc, Nissan Chemical Industries Ltd, and Taminco NV, among others

The report, titled "Alkylamines: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of market trends, drivers, issues, and challenges. Richly annotated with authoritative, and unbiased commentaries, and hard-to-find statistical facts, the report provides unequivocal views on future potential while throwing light on the prevailing climate in key regional markets. Product markets analyzed in the report include Methylamines (Monomethylamines, Dimethylamines, and Trimethylamines), Ethylamines (Monoethylamines, Diethylamines, and Triethylamines), Propylamines, Cyclohexylamines, and Butylamines. Latent demand patterns are quantified across major geographic market verticals including the United States, Canada, Japan, France, Germany, United Kingdom, Italy, Spain, Russia, Asia-Pacific, and Latin America, among others. Also provided in the report is an enumeration of recent mergers, acquisitions, and other strategic industry activities.

For more details about this research report, please visit

About Global Industry Analysts, Inc.:
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs more than 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of more than 60,000 smaller research products including company reports, market trend reports and industry reports encompassing all major industries worldwide.

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